Property profile

112 Railroad St Gardner, IL 60424

OFF-MARKET
Commercial real estate
Property ID
US28-2142724
5,244 SF 0.46 ac lot
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a six-unit commercial building ideally situated at 112 S Railroad Street in Gardner, Illinois. Constructed in 1996, the property boasts a solid all-brick exterior with vinyl-clad windows, ensuring both durability and aesthetic appeal. The building sits on a crawl space foundation. Heating is provided by a gas system, and several units have recently benefited from upgraded furnaces and air conditioning units, minimizing future maintenance concerns for the new owner. Each unit offers convenient laundry hookups located in a dedicated mudroom area, adding to the overall tenant appeal. The property encompasses a sizable 0.46-acre lot, providing ample space and potential for future expansion or outdoor amenities. Priced at $650,000, this multi-unit building represents a compelling investment prospect in a desirable location. The strong construction, recent upgrades, and convenient features make this property an attractive option for both seasoned investors and those seeking a stable, income-generating asset. The existing tenant base provides immediate cash flow, making this a turnkey investment ready for a new owner to step in and manage. The location in Gardner, IL offers a strong potential for continued growth and rental income. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving market.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 5,244 SF
Lot 0.46 ac (20,038 SF)
APN 12-09-127-006
UPID US28-2142724

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

112 Railroad St Gardner, IL 60424-7402
Gardner metro Census 900 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

since 2015
5 recorded transactions
2015
$300,000
2013
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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